ELIZABETH — General Electric made $14.2 billion in profit, yet calculated a 2010 corporate tax bill that added up to less than zero.
Instead of paying taxes, the company will receive a $3.2 billion gift from the taxpayers.
This and other outrageous imbalances in the tax system will be protested by members of MoveOn.org Monday at a 4:30 p.m. rally in front of the Elizabeth Post Office.
The progressive advocacy organization is hosting a series of similar events nationwide, under the theme: “Tax Day, Make Them Pay!”
“The General Electric tax give-away will cost every man, woman and child in the United States $14.72,” said Janet Reynolds, a MoveOn.org member. “Middle class working families are being crushed by taxes because giant corporations are not paying a fair share.”
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